News by State

Cresco Labs reports increased marijuana revenue, net quarter loss

Cresco Labs, a multistate cannabis company based in Chicago, on Wednesday reported revenue of $29.9 million for the second quarter, up 253% from the same period a year ago. Net loss for the quarter, ending June 30, was $3.9 million, compared with net income of $1.6 million for the prior-year period. Cresco trades on the Canadian […]

Read More

Terra Tech selling Nevada cannabis dispensary

California-based Terra Tech is selling its Blüm Reno dispensary, which was the subject of a lawsuit earlier this year, for $15 million. In February, Terra Tech agreed to pay $6.3 million to settle a lawsuit that alleged the company siphoned money from the Blüm dispensary for other ventures. Terra Tech is selling the dispensary to Picksy […]

Read More

Michigan offers application help to adult-use marijuana businesses

Michigan regulators are hosting a series of educational sessions in September for potential recreational cannabis business applicants, with online applications starting Nov. 1. The five sessions are designed to demonstrate the online business license application process. Under Michigan’s adult-use marijuana law, local jurisdictions decide whether to permit or ban commercial rec MJ activity. There is […]

Read More

Impact of California high court medical cannabis ruling unclear for state’s businesses

San Diego failed to adequately analyze the potential environmental impacts of its medical marijuana dispensary law, the California Supreme Court ruled in a decision that might limit the discretion of local governments across the state when approving cannabis stores. The ruling came after San Diego declared its 2014 cannabis law didn’t require any environmental analysis. […]

Read More

Missouri gets 2,000+ medical marijuana applications

Missouri regulators received roughly 2,100 applications for up to 348 medical cannabis licenses. More than 1,200 applications arrived in the past three days, including 800 in the 24 hours leading up to the extended deadline, according to state officials. The deadline was extended from Saturday until 4:30 p.m. CT Monday. Here are the key details about […]

Read More

Second medical marijuana processor launches in Iowa

Iowa’s fledgling medical cannabis market, which counts 3,000 registered patients, has been bolstered by a second processor and new products. Here are the latest developments for a program that the Marijuana Business Factbook projects will reach $4 million-$5 million in sales this year: The second state-approved medical cannabis cultivator/processor, Cedar Rapids-based Iowa Relief, launched last week. The […]

Read More

Louisiana medical cannabis supplies adequate, state says

Louisiana medical marijuana dispensaries aren’t reporting any supply shortages or other problems two weeks after patients began receiving products. That was the consensus Monday from state regulatory officials at a meeting to update MMJ supporters about the progress of Louisiana’s program. John Davis, an executive with GB Sciences Louisiana, one of two state-sanctioned MMJ growers, told […]

Read More

Michigan shutters medical marijuana lab over alleged health, safety violations

Michigan regulators suspended the license of a medical cannabis testing facility after determining that the health and safety of patrons or employees were jeopardized. The Marijuana Regulatory Agency released a complaint alleging bulletin detailing the suspension of Iron Laboratories. The complaint alleges several violations regarding the company’s facility in Walled Lake, where Michigan-based Iron Laboratories tests for […]

Read More

Cultivators, MJ executives say Eastern US marijuana prices remain strong as industry grows steadily

Up and down the Eastern United States, cannabis growers and business owners are reporting healthy prices for pounds of marijuana, both medical and recreational. Prices range from $2,000 a pound for flower all the way up to $4,200, depending on the state. But cultivators are still facing regulatory hurdles and the growing pains of keeping […]

Read More